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Persistent link: https://www.econbiz.de/10010491064
This paper develops a theoretical framework for analyzing the decision to provide or buy insurance against the risk of … natural catastrophes. In contrast to conventional models of insurance, the insurer has a non-zero probability of insolvency …. Our model shows that government-provided insurance will be more attractive in terms of expected utility, as it allows …
Persistent link: https://www.econbiz.de/10010790600
This paper develops a theoretical framework for analyzing the decision to provide or buy insurance against the risk of … natural catastrophes. In contrast to conventional models of insurance, the insurer has a non-zero probability of insolvency …. Our model shows that government-provided insurance will be more attractive in terms of expected utility, as it allows …
Persistent link: https://www.econbiz.de/10010786497
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We consider a discrete-time model for the cash flow of an insurance portfolio/business in which the net losses are … evaluate the fuzzy present value of its wealth; then, we propose an approximation for the chance of ruin and a ranking …
Persistent link: https://www.econbiz.de/10011240818
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Abstract Thailand’s rice-pledging scheme of the Yingluck Shinawatra government is a policy which has been widely criticized by both the opponents and the supporters of this scheme. After operating this scheme for almost 3 years, the problems derived from this policy have been emerging...
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